|Bid||1.29 x 0|
|Ask||1.30 x 0|
|Day's range||1.28 - 1.30|
|52-week range||1.23 - 1.55|
|PE ratio (TTM)||216.67|
|Earnings date||8 Feb 2018 - 12 Feb 2018|
|Forward dividend & yield||0.03 (3.02%)|
|1y target est||1.25|
Singapore Post's (SingPost) logistics segment went into the red as operating profits turned into a loss of $4.2m in Q2. According to Maybank Kim Eng, even excluding provisions, the operating profit would have been $1m, which is much lower than the operating profit of $5m for 1Q2017. The segment was in bad debt for a key customer, Quantium Solutions HK.
The e-commerce segment declined marginally by 1.2%. Singapore Post profit decreased 9.5% YoY to $28.47m in Q2 FY17/18 due to a one-off gain from the dilution of interest in an associated company. Despite ...
PropertyGuru, Singapore’s largest property classifieds portal in terms of traffic, is suing rival startup 99.co over reproducing content from its website, according to court documents obtained by Tech in Asia. The next hearing will be held on September 20 in the Singapore Supreme Court. “In April 2016, we filed a writ of summons against 99.co. The case has been heard in the court since then,” says a PropertyGuru spokesperson.
This could boost the group’s future earnings. Whilst Singapore Post's postal business continues to face declines due to e-substitutions, it mall segment is seen to boost its earnings in the coming years. ...
Operational expenses were at $3.5m a year ago. Singapore Post is eyeing a turnaround plan for its eCommerce business as the segment's costs went up to $4.2m versus $3.5m a year ago. "Over the course of the next few months, SingPost’s CEO and the leadership team will be working with the board to review and update SingPost’s strategy, and deliver a roadmap focusing on improving the performance of the group," OCBC Investment Research analyst Low Pei Han said.
The segment is badgered by the slumping domestic mail volume. Singapore Post missed net profit forecasts by Maybank Kim Eng analysts due to the weakness in its postal business segment. According to analyst John Cheong, the business continues to face challenges from declining domestic mail as more companies implement e-statements.
It cracked under intense logistics competition pressure. Singapore Post felt the heat from the increasing competition in the logistics segment especially in the past quarter, contributing to the 13.6% decline in its net profit. It noted that the slump in net profit was also due to the lower domestic mail volumes and costs from planned investments.
From The Motley Fool Singapore: Singapore Post Limited paid out seven cents in dividends per share for the financial year ended 31 March 2016 (FY15/16). The decision might not be surprising, given the tumultuous period that the Singapore Post had to endure in FY16/17. From PropertyGuru via Yahoo!: Singapore’s Housing and Development Board (HDB) had completed a total of 9,119 studio apartments catering specifically to the elderly age 55 and above from 2002 to June 2017, according to the Ministry of National Development (MND) in a parliamentary session on 1 August (Tuesday).
This is part of its turnaround plan for TradeGlobal. Singapore Post's management is implementing a turnaround plan for TradeGlobal and this involves using warehouse automation to address labour issues. According to Maybank Kim Eng analyst John Cheong, the turnaround plan will also tackle structural issues facing the business.
Singapore Post’s (SingPost) share price dipped 3.6 percent to close at $1.34 on 15 May 2017 after it took a massive impairment charge on its United States e-commerce business, TradeGlobal.
Its headline rose 2% YoY in the past quarter. For UOB Kayhian, Singapore Post's revenue is not growing fast enough as it suffers operating costs. According to the brokerage firm, the topline managed to ...
Online shopping firm Lazada announced its move to transfer its entire warehouse operations to Singapore Post's Regional e-commerce Logistics Hub in Tampines Logistics Park. “Moving Lazada Singapore’s entire warehouse operations to the SingPost Regional eCommerce Logistics Hub is the next natural step as we seek closer integration with our partners to better serve the needs of Singapore customers,” CEO of Lazada Singapore Alexis Lanternier said.
Singapore Post's recent net loss of $65.2m proves it still has a long way to go in delivering its e-commerce promise. The loss is due to the impairment of its intangible assets for TradeGlobal. According to OCBC Investment Research, SingPost faced setbacks in e-commerce segment with TradeGlobal losing key customers.
SGX has issued a public reprimand for SingPost. The Singapore Exchange has issued a public reprimand for Singapore Post after a special audit found out the lack of robust internal controls at the latter's board. In particular, SGX said SingPost breached Listing Rule 719(1), which requires an issuer to have a robust and effective system of internal controls, addressing financial, operational and compliance risks, as well as Listing Rule 703(4)(a), which requires that in complying with the Exchange’s disclosure requirements, the content of each announcement should be factual, clear and succinct.
SingPost collaborates with Airbus Helicopters for aerial delivery system. Airbus Helicopters inked a deal with Singapore Post, making the latter its logistics partner for the innovative Skyways parcel delivery project. As a logistics partner for Skyways, SingPost will bring its expertise in software systems that control and manage delivery networks, customer-interface systems and real-time back-end links to a delivery system that serve the last mile.
CapitaLand will oversee the 269,000 sq ft SingPost Centre mall. CapitaLand Limited, through its wholly owned shopping mall business CapitaLand Mall Asia, has signed its first third-party mall management contract in Singapore with Singapore Post (SingPost) for its upcoming mall at the new SingPost Centre.
Singapore Post announced just recently that it will be upping its stakes in an Indonesian entity through Quantium Solutions International Pte Ltd. QSI is a JV between SingPost (66% stake) and Alibaba Investment Limited (34% stake) whereas QSLI is in the business of e-commerce logistics fulfilment in Indonesia.
Despite a 16.8% uptick in its revenue for the past quarter to $369.4m, postal service provider Singapore Post still suffered a weak net profit of $31.4m, 28.5% lower than the previous period. The group said the declines were due to the operating losses in the US eCommerce business, costs related to the new Regional eCommerce Logistics Hub, and a fall in domestic mail volumes. Covering group CEO Mervyn Lim said SingPost is building out its capabilities, broadening and deepening its eCommerce logistics network to secure its future.
With the pre-Christmas rush at its peak, a serpentine network of conveyor belts at Singapore Post's new logistics centre moves parcels destined for addresses across the world in time for the festive season. ...